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Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
Satisfied Customers: 7119
Experience:  Extensive Experience with Tax, Financial & Estate Issues
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1120 - Dividends to shareholders Is it treated as a non

Customer Question

1120 - Dividends to shareholders
Is it treated as a non expense?......................I just want to double check.
Where in 1120 should I reported it.
Do I have to issue a 1099-Div
Submitted: 8 months ago.
Category: Tax
Expert:  Stephen G. replied 8 months ago.

Hello, my name is***** goal is to give you a complete & accurate answer. I am working on your request now & I will respond as soon as possible.

Expert:  Stephen G. replied 8 months ago.

Dividends are not an expense of the Corporation.

Yes you have to issue 1099-DIV for those dividends.

Dividends are reported on Schedule M-2 Line 5(a). (5 Distributions: a Cash)

Steve G.

Expert:  Stephen G. replied 8 months ago.


Just checking in..............

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Thanks very much,

Steve G.